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Nicholls calls Palaszczuk to concede defeat

Tim Nicholls has called Annastacia Palaszczuk to concede defeat in the Queensland election.

Ms Palaszczuk is now expected to meet with the Governor before forming government.

Mr Nicholls will not contest a leadership ballot when the LNP’s party room meets on Tuesday.

"While the result is disappointing for the thousands of LNP supporters, the MPs who did not hold their seats and the candidates who were not elected, everybody should be proud of the campaign we ran," Mr Nicholls said in a statement.

"Our campaign was overwhelmingly positive and focused on the issues that most mattered to Queenslanders such as creating more local jobs and lowering the cost of living – in particular, electricity prices."

He took full responsibility for the LNP campaign and blamed "Labor's massive advertising spend focused on fear" for its defeat.

He then thanked his family, colleagues, candidates, deputy leader Deb Frecklington, the people of his electorate of Clayfield and his "fellow Queenslanders".